# PPP loan: SECOR%27S AUTO CENTER INC.
> **$719K** approved 04/14/2020 · Paid in Full · Loan `5869737109`
## Borrower
- **Name:** SECOR%27S AUTO CENTER INC.
- **Address:** 575 Broad Street 0.0, New London, CT, 06320-2517
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $719K
- **Initial approval:** $719K
- **Forgiven:** $727K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $575K
- **Rent:** $90K
- **Utilities:** $33K
- **Health care:** $20K
- **Jobs reported:** 60
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*